Page 464 - Ray Dalio - Principles
P. 464

APPENDIX

                             TOOLS AND PROTOCOLS FOR

                                     BRIDGEWATER’S IDEA


                                            MERITOCRACY







                       What  follows  is  a  quick  overview  of  many  of  the  tools  and
                       processes currently in use at Bridgewater. It’s my intention to

                       soon share many of these with the wider world in a Principles
                       app so you can try them out for yourself.


                                                      COACH



                       Because there are too many principles for anyone to keep top
                       of  mind enough to apply appropriately to whatever situation
                       they face, and because it’s easier to ask for advice than to seek

                       it  out  in  a  book,  I  created  Coach.  Coach’s  platform  is
                       populated  with  a  library  of  common  situations,  or  “ones  of
                       those”  (e.g.,  disagreeing  with  an  assessment  someone  made,
                       someone  lied  or  did  something  unethical,  etc.),  which  are
                       linked to the relevant principles to help people handle them.
                       As  people  use  Coach,  they  give  feedback  on  the  quality  of
                       advice  it  provides,  essentially  coaching  the  Coach  so  that  it
                       can  deliver  better  and  better  advice.  Over  time,  Coach  has

                       become increasingly effective in much the same way Siri has.



                                              DOT COLLECTOR


                       The  Dot  Collector  is  an  app  used  in  meetings  that  allows
                       people  to  express  their  thoughts  and  see  others’  thoughts  in
                       real  time,  and  then  helps  them  collectively  reach  an  idea-
                       meritocratic decision. It surfaces people’s thinking, analyzes it,

                       and  uses  the  information  to  help  people  make  real-time
                       decisions better in a few ways. Specifically:
   459   460   461   462   463   464   465   466   467   468   469